HBP(SZ:002554)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥500,646,465.58, representing a 46.46% increase compared to ¥341,834,655.45 in the same period last year[4] - Net profit attributable to shareholders was ¥12,234,004.31, an increase of 8.78% from ¥11,246,194.17 year-on-year[4] - The company reported a basic earnings per share of ¥0.0091, reflecting a 9.64% increase from ¥0.0083 in the same period last year[4] - Net profit for Q1 2023 was ¥12,572,809.03, representing a 18.6% increase from ¥10,596,602.71 in Q1 2022[21] - The company’s operating profit for Q1 2023 was ¥17,807,712.97, a slight increase from ¥16,235,220.36 in Q1 2022, reflecting a growth of 9.7%[21] - The total comprehensive income for Q1 2023 was CNY 19,788,101.52, compared to CNY 8,868,707.34 in Q1 2022, representing a significant increase[22] Cash Flow and Liquidity - The net cash flow from operating activities reached ¥128,922,334.20, a significant increase of 1,493.75% compared to a negative cash flow of ¥9,250,065.93 in the previous year[4] - The company experienced a 122.82% increase in cash inflows from operating activities, totaling ¥1,217,665,411.21, driven by increased project collections[9] - The total cash and cash equivalents at the end of Q1 2023 reached CNY 806,996,295.11, up from CNY 419,898,720.11 at the end of Q1 2022, indicating strong liquidity growth[26] - The net cash flow from investing activities was CNY -11,424,689.01, an improvement from CNY -89,472,911.28 in the same quarter last year, indicating better investment management[25] - The net cash flow from financing activities was CNY 23,624,996.30, down from CNY 141,108,529.87 in Q1 2022, suggesting a reduction in financing activities[26] - The cash inflow from operating activities totaled CNY 1,217,665,411.21, significantly higher than CNY 546,469,051.49 in Q1 2022, reflecting operational efficiency[25] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥5,262,954,813.90, up 5.07% from ¥5,009,049,621.75 at the end of the previous year[5] - Total liabilities rose to ¥2,696,860,073.65 in Q1 2023, up from ¥2,459,457,021.80 in Q1 2022, indicating an increase of 9.7%[18] - The company's cash and cash equivalents decreased to ¥148,591,906.38 from ¥162,980,322.71 year-over-year, a decline of 8.5%[18] - The total equity attributable to shareholders of the parent company was ¥2,500,367,614.74 in Q1 2023, compared to ¥2,481,747,300.14 in Q1 2022, showing a growth of 0.7%[18] Operating Costs and Expenses - Operating costs rose to ¥370,593,900.60, a 43.22% increase compared to ¥258,762,522.29 in the previous year, in line with revenue growth[9] - Total operating costs for Q1 2023 were ¥481,191,194.39, up from ¥344,872,958.61 in the same period last year, reflecting a rise of 39.5%[20] - Financial expenses surged by 177.67% to ¥35,274,189.39, mainly due to increased foreign exchange losses from the depreciation of the US dollar against the RMB[9] - Research and development expenses for Q1 2023 were ¥15,613,699.95, slightly up from ¥14,189,900.07 in Q1 2022, reflecting a growth of 10.0%[21] Contracts and Projects - Contract liabilities increased by 120.12% to ¥650,447,588.48, primarily due to increased advance payments for large projects[9] - The company has ongoing projects in Ethiopia and Kazakhstan, with the Kazakhstan project valued at approximately $32.6 million and currently in progress[14] - The company confirmed sales revenue of ¥14,681.58 million from the Kazakhstan project during the reporting period[14] - The company has a significant contract with the Mexican Federal Electricity Commission, valued at approximately $31.9 million, which is also in progress[14] Shareholder Information - The total number of shares held by the top ten shareholders includes 30.22% by Changsha Water Group, indicating a strong institutional presence[12] - The company has established a strategic relationship with Changsha Water Group, which holds a controlling interest in the company[12]